For any readers out there who will begin law school this year — or who know someone else who will — I encourage you to check out a $10,000 scholarship contest. You can apply until April 15th, after which 20 finalists will be selected. One winner will be determined by votes via social media and will be announced on June 10th. The $10,000 will be paid directly to the student’s law school.
Law school is expensive and this will make law school slightly more affordable for someone. Scholarship application details can be found here.
Originally published on Above the Law.
If you’re a law school graduate with a ton of debt, there are a few companies that really want to talk to you — if you went to the right school and have the right job.
The deal works like this. The bank or non-bank lender pays the federal government the balance of your loan and you pay the new lender instead. In exchange, the private lender charges you a much lower interest rate. Rather than a rate north of 7%, you receive a rate as low as 2.5%.
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» Read the full text for How Student Loan Refinancing Could Undo Federal Loan Policy
On December 16th, I wrote a column for Above the Law on the ABA’s annual data dump. In it I highlighted nine schools that “reportedly” eliminated conditional scholarship programs. I used the quoted caveat in my column because I was skeptical that a few of these schools had actually eliminated the program.
One school I contacted was Arizona Summit. The school previously operated a very large conditional scholarship program and had a substantial percentage of students who lost these scholarships after the first year. It would have been a substantial budgetary hit to change the program at Arizona Summit in particular. However, the school’s 509 report indicated that it had. (more…)
» Read the full text for Arizona Summit Does Still Have Conditional Scholarships
Since 1974, the National Association for Law Placement has surveyed ABA-approved law school graduates with the help of roughly 200 schools and a nod from the ABA. NALP’s annual survey asks graduates to describe their jobs, their employers, how and when they obtained the positions, and their starting salaries.
NALP checks the data for discrepancies and produces statistical reports of post-graduation employment outcomes for each law school. NALP must keep these “NALP reports” confidential, but individual schools may publish their reports.
Before the law school transparency movement, law schools did not publish NALP reports online for prospective students and others to see. Instead, these detailed, immensely useful reports occupied dusty filing cabinets. I recall when my organization first requested these reports from law schools, several career services deans told me they did not know where they were.
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» Read the full text for Law Schools More Transparent Than Ever
This piece was originally published on Bloomberg.
Earlier this month, at the American Association of Law Schools’ annual meeting in New York, the AALS’s Section for the Law School Dean hosted a panel on law school rankings. During a Q&A, Nebraska Law School Dean Susan Poser posed a series of questions to Bob Morse, chief architect of the U.S. News law school rankings.
I don’t know anything about schools except the one I went to and the one I’m at now. How do you justify asking us to rank the prestige of other schools, and how do you justify giving this component such a large weight?
Blake Edwards, writing for Big Law Business, has more details on the panel here. I want spark a discussion about some ways to improve the reputation metric.
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» Read the full text for Why Ranking Law Schools Nationally Is Nonsensical
This was originally published on Above the Law.
To put it mildly, I’m not a fan of the U.S. News law school rankings. They poison the decision-making process for law students and law schools alike. For students, they cause irrational choices about where to attend or how much to pay. For schools, they produce a host of incentives that do not align with the goal of providing an accessible, affordable legal education.
Because of their undeniable influence, it makes sense to seek methodological changes that nudge schools in a better direction.
» Read the full text for How To Fix The U.S. News Law School Rankings
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